Litecoin IHS to $179Litecoin broke down as I suspected. It was up against too much resistance and lots of profit takers at the $180 level. It's currently creating an Inverse Head Shoulders with a target back up to test $180. That would be a nice level for profits. After that I see a healthy retracement down to the $154 level to build liquidity; so we can go higher for another profit taking near $220
Let's see how this plays out over the next 7-10 days.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Litecoinusd
LTCUSDT has completed big bullish setupHey friends, hope you are well, and welcome to the new update on Litecoin.
Rejected by resistance:
The price action of LTC is rejected by $170 resistance and moving between $140 to $170 support and resistance levels.
Broke out the channel:
The price action broke out the resistance of the channel on the daily chart, but formed a head and shoulder and broke down the neckline. Then it re-entered in channel but now finally it has again broken out the resistance of channel and crossed simple moving averages with the time period of 25, 50, 100 and, 200.
Formation of the new up channel:
On the daily chart, the price action of has formed a new up channel and having good support of 25 simple moving average as well.
Big Shark move in Bitcoin market:
On the long-term weekly chart, the price action of Litecoin has formed a big shark and just spiked in the potential reversal zone. It may give us another chance to catch it from the potential reversal zone area.
Conclusion:
We can assume if the price action of Litecoin is going to move up against Bitcoin, then how much bullish it can be in the near future in the USD market.
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LTCBTC formed a big Shark | For Upto 43.5% bullish moveHi friends hope you are well, and welcome to the new update on Litecoin.
On the long-term weekly time period chart, the price action of the LTC has completed last leg of bullish Shark pattern and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts form 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 43.5%, and the loss possibility is 9.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals join:
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LTC 1D Short-term growth and further prolonged fallIn this idea we would like to show the general picture of LTCUSD for the last 3 years.
It, following ETHUSDT, tried to reach ATH which was $375, but actually stopped halfway at $185 . The last time the price was there in early 2018.
At the current growth, the price from the second attempt was able to break the high of 2019 at $145 and went further by $185.
However, a sharp fall by -40% to $112 showed what happens after "big men" sold out and there is no one to push the price up, and where are the liquidity levels to buy.
Take a look at 2018, then the price touched this level three times.
LTC trading volumes attract special attention. They began to grow sharply before the breakout of the white trend line, then the breakthrough and growth, and volumes naturally only grew.
No wonder that in previous ideas around $45-50 we wrote that LTC is accumulating by strong buyer. It is a pity that they did not take all the movement, but only a few fragments, probably they did not believe that buyer can be so strong and focused.
Now the high that we expect from LTCUSDT is the growth to $168-170 , and then a long price fall.
Still, you need to check the strength from above the white trend line, which was broken the day before.
The trend line retest in the zone of $85-91 can also be considered a tasty price to buy in the medium term.
It is necessary to gain strength before the next long way to the absolute high of the LTCUSDT price.
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Disclosure: Charts interpreted and articles prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
Litecoin price brings these two key levels to the ultimate test
Litecoin recently embraced support at $110 following the colossal breakdown from highs above $190.
On-chain metrics show that Litecoin is stuck between two key levels that are constantly being tested.
Litecoin has retested the support provided at $110 following a massive breakdown from price levels around $186. The drop in price occurred in tandem with Bitcoin's price fall from $40,000 to $30,000. While recovery is underway, delays are anticipated as Litecoin encounters crucial levels.
At the time of writing, LTC/USD is doddering at $135. On the downside, the 200 Simple Moving Average in the 4-hour timeframe has presented formidable support, keeping the bears in line, while avoiding a retest of the recent anchor at $110.
On the upside, the cryptocurrency is facing a challenging task at the 100 SMA. Trading above this first resistance would be a bullish signal that Litecoin can recover to higher levels around $160. The 50 SMA is might delay the recovery to towards $200 but if bulls are determined, Litecoin will swing to new yearly highs.
The technical support and resistance have been highlighted by the IOMAP model by IntoTheBlock. For instance, a high concentration of sellers is expected between $154 and $158. Here, nearly 36,300 addresses previously bought roughly 1.1 million LTC. If Litecoin slices through this area, the upswing to $200 might come into the picture.
On the downside, Litecoin is sitting on areas of immense support, with the most robust running from $128 to $132. Here, roughly 40,000 addresses had previously bought approximately 1.7 million LTC. It is unlikely that this buyer congestion zone will be shattered in the near-term. However, if broken, Litecoin may fall to $110 or even revisit $100.
Litecoin intraday levels
Spot rate: $134
Relative change: -5.4
Percentage change: -4%
Trend: Bearish
Volatility: Expanding
Litecoin Possible Liftoff But Still Has Work To DoLitecoin is showing bullish divergence but it needs to break the yellow resistance trendline first.
Safe entry would be the break of the white line above it. If it manages to do this the move up will be fast. Target price of $304
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Notes on LTCLitecoin is definitely becoming a relevant crypto. According to the trend, like other cryptos, it has been oversold quite a bit recently and gets corrected, much like BTC and ETH. Juxtaposing DXY and GOLD definitely helps to understand the inverse relationship with GOLD and LTC vs the USD. In quite a few cases, the USD rising in value leads downward trends in cryptos and hard assets. Perhaps its a better signal than RSI in quite a few cases. Thoughts?
$LTCUSD - Possible short setupHello everyone!
LTC as we all know is one that mostly shows surprises when the market is calm, just like today when the market is bumpy and some alts are gaining heavily, LTCUSD remains steady.
Wave theory and Fibonacci applied on the chart demonstrate that Litecion might drop lower, although there is a support which is holding it from doing so and there is a possible diamond pattern, I suggest to short when the dynamic support is broken and long only above the 158.
LTCUSDT (Litecoin) Next Target $365 ??#LTCUSDT Technical Analysis Update
Resistance breakout in weely chart
LTC/USDT currently trading at $160
Buy level: $150 to $160
STOP LOSS: Below 120
Resistance level 1: $184
Resistance level 2: $255
Resistance level 3: $365
Max leverage: 2X
ALWAYS KEEP STOP LOSS...
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Litecoin to $250 and why investing Always beats TradingI know a lot of you are thinking this is overbought, over heated, ran up too fast, etc and are trying to apply some sort of technical analysis to it but I want you to know - you are focusing on the wrong thing. Your mind focuses on "warning signs" because our brains are programmed with a survival instinct that always seeks a safe shelter (i.e. cash)....
Here is one bitter truth that is very hard to accept and that every trader learns only after loosing a fuck ton of money: trading will never beat investing because trading focuses on all of the negatives (resistance/support lines, bear/bull flags, etc.) but investing focuses on only 1 positive long-term vision. Until you understand it, you will never win big.
Take a look at every chart I made and compare it to this weekly chart. Notice how on the weekly chart its a straight shot up without any interruptions? Investing ignores all of the noise, trading focuses on the noise. That is the big difference.
On weekly, we see a clear Adam and Eve bottoming pattern. I expect this to rip higher regardless if we correct here or not.
STOP trading and start learning macro behind assets that matter (Real Estate, Gold/Silver, Dollar, Bitcoin, Ethereum, etc.). Nobody gives a fuck about tokens so trade those all you want, but do not trade the big stuff or will sit back, look at the weekly chart and realize that if you didn't dink around past 6 months, you would have been a millionaire by now and the only person responsible for it is you. Focus on the noise and lose or focus on good macro and win big.
Critical Levels and Targets for Litecoin #LTC/USDWelcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.
Let's Discuss The Outlook for #LTC/USD
LTC has been moving up correctively and its difficult to see a more bullish count than just the potential gains that a corrective climbing asset can provide.
I've been noticing this among the majority of alts, and the way I interpret this is that altcoins move more in 3 waves than they do in impulses, similar to currency pairs such as EUR/USD. The other way to interpret this from an Elliott wave perspective is that we're dealing with a macro flat correction that will lead to an extensive downside leg that will surprise most investors and induce panic selling as critical levels are broke.
As such, in this chart I highlight the previous lows that I feel are important to maintaining an uptrend without drawing attention to the bears, If successful, this could give us a scenario of $160 for #litecoin.
What are your thoughts on LTC in the chart above? Does it have more upside potential? Or Do you think the critical lows will get broken?
Don't forget to follow, like and comment and I'll be doing a $500 giveaway if I can get ranked as a top #ElliottWave analyst on TradingView.
To Your Success,
Schyler